Fantastic Newbie Offer: Sapphire Preferred 80k Bonus

Chase has got a new offer for their Sapphire Preferred card with an extra tier of bonus points to entice more spending on the card.

You'll earn 50,000 Ultimate Rewards for spending $4,000 on the card within three months of opening it (this is the standard offer, only difference is there is no extra 5k bonus for adding an authorized user)
You'll earn an additional 30,000 Ultimate Rewards for spending $20,000 on the card within the first year of opening it

The annual fee of $95 is also waived for the first year in this offer

New Sapphire Preferred Bonus: 10k Points Higher for a $95 Fee

The standard bonus for the Chase Sapphire Preferred Card is 55,000 Ultimate Rewards for spending $4,000 on the card within three months of account opening (+adding an authorized user). With that offer, the $95 annual fee is waive for the first year of cardmembership

There is a new offer out for Sapphire Preferred: 65,000 Ultimate Rewards for spending the same $4,000 within three months of account opening (+adding an authorized user).

What You Need to Know if Downgrading or Canceling Your Sapphire Reserve

It's been a little more than a year since Chase's premium credit card, the Sapphire Reserve, was released. That means many of you are (or will be soon) looking at whether or not the $450 a year card is worth keeping open, and if it’s not, what exactly your best play might be.

At the end of July I went over how to perform a cost/benefits analysis to assist you with deciding how to move forward in year two with the Sapphire Reserve. If you decided it wasn't outright obvious for you to keep it open, then keep reading.

NEW CHASE RULE: Only One Sapphire Product Per Customer

Today we learned of a new rule enforced by Chase regarding their Sapphire products. Applicants will not be approved for another credit card in the Sapphire family if they already have one open. These are Chase's Sapphire branded credit cards:

Sapphire
Sapphire Preferred
Sapphire Reserve

This rule will only affect applicants moving forward and should have no affect on the cardmember status of existing cardholders.
Where the Rumor Came From
Doctor of Credit was a sent a photo from someone who works at Chase of a memo that was sent to them by Chase. It went over four points.

Citi ThankYou Premier vs. Chase Sapphire Preferred: Better Card?

In a comment on a previous post about a calculator to determine how many ThankYou Points you'll earn from using the Citi ThankYou Premier Card, DaveS asked:
I’ve previously used the Chase Sapphire Preferred card as my “keeper” fee card for travel and dining. [The ThankYou Premier] looks like it duplicates much of what the CSP does and adds some more category bonus possibilities.

How to Quickly Earn and Spend 144,000 Ultimate Rewards

The glory days aren't over. You can get two cards right now with no annual fee for the first year and rack up 144,000 Ultimate Rewards after meeting their minimum spending requirements.

Then you can redeem those points for $1,800 in flights on any airline, five roundtrips flights to Hawaii or Europe, getting three people into Thai or Korean First Class, or up to 32 award flights.
The Cards
The classic Chase Sapphire Preferred offers 50,000 bonus Ultimate Rewards after spending $4,000 on the card in the first three months.